Innovative Products
Innovative Products
WMD has an unwavering commitment to providing the broker community credit quality loan solutions for market segments that are either unserved or underserved. From Digital HELOC’s (including income via bank statements) to DSCR 2nd liens to the industry’s most robust NonQM offering to Reverse – and Jumbo Reverse – mortgages, WMD is blazing the specialty lending trail.
MyEQNow’s Digital HELOC
Apply in as little as 4 minutes and fund in as few as 4 days.
Personalized, White-labeled Digital HELOC Website and Point-of-Sale
Your Borrowers may input their HELOC application directly into your personalized HELOC website and Point-of-Sale which you may track in real time in your next generation portal.
Funding ratio 200%-300% greater than the competition
When the competition provides a “hard no” we say, “oh well maybe so.” No HELOC is denied without a HELOC credit specialist detailed review powered by our Credit Expert-in-the-Loopᵀᴹ
Unparalleled Marketing and Business Development Support and Resources
In addition to white-labeled marketing resources, MyEQNow empowers you with a Guaranteed Success Guide, one-on-one or group biz dev training and many more invaluable resources.
Industry’s Highest Compensation
YOU are the primary driver of this operation, and to us, it only makes sense that your compensation reflects your true value.
Virtually Limitless Market Opportunity
U.S. Home Equity has nearly tripled since 2019 to a staggering $40 Trillion. Considering 60% of the first mortgage loans are less than 4% and first mortgage interest rates are expected to be stubbornly high for the foreseeable future, the HELOC origination market is virtually limitless.
NonQM
Properly structuring NonQM loans is part art and part science. WMD has blown up the antiquated NonQM process of yesteryear, and instead of working with salespeople such as account executives, you only work with experienced credit expert decision-makers who are available 365 days per year. If it is a “good loan” then we will collaborate to determine the best path to get it funded.
Income via Bank Statements
Approximately 40% of the U.S. workers have self-employment income. Uncle Sam’s overly prescriptive tax rules do not always provide an accurate representation of a taxpayer’s true income and consequently do not provide an accurate representation of a borrower’s true buying power. WMD offers the industry’s only true digital bank statement platform that you can bank on!
Relevant Debt Service Coverage Solutions
DSCR loans come in many different forms, and WMD has the widest array of DSCR loan solutions. From mixed-use to small apartments to manufactured homes to rural properties to qualification via short term rental income to DSCR 2nd liens, WMD is the gold standard in the DSCR space. And these loans can fund in as few as 5 days.
Super Jumbo
Size matters, and WMD loves large loans. Boasting a maximum loan size of $10MM, we are a big-game fisher of the seas while our competitors are content fishing in their small ponds.
Alternative Documentation
WMD features a wide array of alt doc programs including WVOE only, P&L, 1099, asset depletion and even closed-end 2nds.
Miscellaneous
WMD has too many NonQM programs to list including ITIN, large acreage and manufactured housing, to name a few. We feature common sense underwriting, and we frequently make exceptions. The Solutions Team – a team of decision-making credit experts - is available 365 days per year to collaborate with and to support you.
Reverse Mortgages Done Right
We cherish our senior citizens, and we have designed our reverse mortgage platform centered on these borrowers. By uncomplicating the process and by providing unparalleled support resources, it also aids you – the reverse originator. Whether you have closed many reverse mortgages or have not funded a single reverse mortgage, WMD’s reverse platform is designed for you. NO overlays to FHA’s Handbook 4000.1
We are attempting to help our seniors, and it befuddles us why our competitors seek reasons to deny them access to this powerful financial tool with their overlays. If there is an FHA guideline, then who are we to overrule them? At WMD, we navigate 4000.1 with the premise that we are seeking ways to approve reverse mortgages so that we can say yes to more of our seniors.
Jumbo Reverse Mortgages
Like all our innovative products, WMD loves larger loans, and this includes reverse mortgages. We lend up to $4MM principal limit. WMD is the #1 Jumbo reverse mortgage lender in the country.
Support and Resources
In addition to the credit experts on the Solutions Team, WMD provides significant support and resources, including white labeled marketing brochures and personalized, white labeled borrower-specific informational packages.